98 Atkinson Street, OAKLEIGH VIC 3166
Development Feasibility Analysis in Oakleigh, VIC
This 1,168 sqm TRZ2 site in Oakleigh is assessed for 5 townhouses at a total cost of $5.46 million. Revenue at $1,143,900 per dwelling totals $5.72 million, producing a net profit of $264,023 and a marginal development margin of 4.8%. The project is marginally viable but below standard lending thresholds, making it sensitive to any cost increase.
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Frequently Asked Questions
What verdict does the model assign to this Oakleigh site?
Marginal. A 4.8% development margin is positive but below the 15% typically required for project finance. The project is sensitive to cost increases or price softening.
What sale price is benchmarked for Oakleigh townhouses?
$1,143,900 per dwelling. Five townhouses produce total revenue of $5,719,500.
What is the land cost on this site?
$953,250 for 1,168 sqm, approximately $816 per sqm.
What would bring this project to full viability?
A 10% increase in sale prices, bringing each dwelling to approximately $1,258,000, would push the margin above 15%. Alternatively, a land acquisition below $800,000 would achieve a similar outcome.
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DISCLAIMER: This analysis is generated by automated algorithms for informational purposes only. It does not constitute financial, investment, or legal advice. Actual development costs, revenues, and returns may vary significantly from these estimates. Users should consult qualified professionals including a registered quantity surveyor, accredited town planner, and solicitor before making any investment decisions. DA Leads Australia Pty Ltd holds no Australian Financial Services Licence (AFSL) and is not authorised to provide financial product advice under the Corporations Act 2001 (Cth).